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D.R. Horton plans $400 million of five-year convertible notes
By Kenneth Lim
Boston, May 5 - D.R. Horton, Inc. plans to price about $400 million of five-year convertible senior unsecured notes, according to a press release.
There is an over-allotment option on an additional $60 million.
Citigroup is the bookrunner of the registered off-the-shelf offering.
Proceeds will be used for general corporate purposes, including repayment or repurchase of outstanding debt.
Fort Worth, Texas-based D.R. Horton is a homebuilder.
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